When to Refinance Your Mortgage

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How to decide when is the best time to Refinance or Lock in a Mortgage Rate.


 

 

 

 

 

 

 

 

 

 

Calculators:

Rent vs. Own

Compound Interest

Mortgage Payoff

 

Mortgages- Refinance

Beat Inflation: Save 5% on Gas, Groceries and Prescriptions

April 2006

Using the MIP to Decide- When to Refinance

The MIP (Moore Inflation Predictor) is our proprietary index that projects future inflation rates one year into the future.

It uses a "fan" style with varying level of likelihood that certain rates will be attained.

 
(Click Chart to Enlarge)

If you are considering refinancing (see When is it Right to Refinance?  ) naturally you want the best rate. In order to determine the timing just look at the MIP chart. From it you can determine when the next bottom will be occurring.

Simply look at the lowest  "most Likely" rate. And plan on locking in a rate at that point in time.
(Click Chart to Enlarge)

 

Tim McMahon, Editor
Financial Trend Forecaster

P.S. Even with the recent doom-and-gloom of the housing market, the right lender can still save you lots of money and refinance your home at a great interest rate.

You might also find the following articles helpful:

How to find a Good Mortgage

Low Mortgage Rates- Reduce your Payment or the length of the Loan?

When is it Right to Refinance?

How to  Save Thousands on Your Mortgage by going Bi-Weekly

Is an Interest Only Mortgage for you?

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MortgageLoan.Com - Lower your monthly payment, Refinance now.  Search and compare home refinance options from local and national brokers and lenders.

 

 



 
Disclaimer:
At Financial Trend Forecaster we
are not registered investment advisors and do not provide any individualized advice. Past performance is not necessarily indicative of future performance and future accuracy and profitable results cannot be guaranteed.